Not out of the woods yet
Monday 14th August 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABMarkets responded positively to softer than expected US CPI last week, but the dial was turned back quite a bit on Friday when producer prices showed an unexpected increase, particularly in the services sector. NAB’s Taylor Nugent says there’s still an open question about how much wage growth and nominal demand are in keeping with the expected fall in inflation. Bond yields rose markedly in the UK as GDP came in higher than expected, suggesting the BoE will want to do more to…
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